Which of the Following Business Rules Illustrates a Proper Implementation

question 5

Short Answer

Which of the following business rules illustrates a proper implementation of internal control?
A. The employee that inspects the work can't be the same employee that discards defective items.
B. The employee that performs part of the conversion work can't also perform other work in the conversion process.
C. The employee that authorizes production can't be the same employee that issues raw materials.
D. The person that receives the finished items can't also place them into their assigned warehouse location.

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Definitions:

Profit Equals Zero

The condition where profit equals zero, also known as the break-even point, is where a business's revenues exactly match its total costs, resulting in neither profit nor loss.

Cournot Duopoly

Cournot Duopoly is a market structure where two firms control the market and compete on output levels, assuming the other's output is fixed while deciding their own.

Price

The sum of money needed to buy a product or service.

Long Run

A period in which all factors of production and costs are variable, allowing for all inputs to be adjusted.